NIFTY fails to Clear the Trend Decider post Gap Down
Market Bytes 14-Jun-2016
Nifty futures: In past sessions we discussed NIFTY support at 8140. since markets gapped down and traded below it that will be a resistance zone now.On the downside support remains at 8075-65 and a break of that can test 7990 trading levels. Expect the upside momentum to be back if NIFTY trades above 8150. Use that as a trend decider for the day.
#nifty #nseindia #sensex #stock
Nifty futures: In past sessions we discussed NIFTY support at 8140. since markets gapped down and traded below it that will be a resistance zone now.On the downside support remains at 8075-65 and a break of that can test 7990 trading levels. Expect the upside momentum to be back if NIFTY trades above 8150. Use that as a trend decider for the day.
#nifty #nseindia #sensex #stock
Nifty futures: Perfect session for the market bytes readers. we mentioed support at 8075, markets opened higher failed to cross 8150 and exactly tested that level to bounce back. The past two sessions have been in a tight zone;hence a possibility of a good breakout trade increases. Now NIFTY future has a first base at 8100. 8100-8150 is a no trade zone just seat on the sidelines. initiate a breakout trade on either side.
#nifty #nseindia #sensex #stock